Chamberlain & Kings Estates Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 04812571 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2017

FOR

CHAMBERLAIN & KINGS ESTATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs L B Hart

E D Hart

M J Hart

D Hart

REGISTERED OFFICE:

Kings House

Poles Park

Hanbury Drive

Thundridge

Herts

SG12 0ND

REGISTERED NUMBER:

04812571 (England and Wales)

ACCOUNTANTS:

Barrow LLP

Chartered Accountants

Jackson House

Station Road

Chingford

London

E4 7BU

FIXED ASSETS

Tangible assets

5

5,682

5,665

CURRENT ASSETS

Cash at bank

17,855

23,156

CREDITORS

Amounts falling due within one year

6

189,383

157,286

NET CURRENT LIABILITIES

(171,528

)

(134,130

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(165,846

)

(128,465

)

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

8

(165,946

)

(128,565

)

SHAREHOLDERS' FUNDS

(165,846

)

(128,465

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 28 March 2018 and were signed on its behalf by:

D Hart - Director

1.	STATUTORY INFORMATION

Chamberlain & Kings Estates Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis which assumes the continued support of the

company's directors. If this assumption proves invalid the preparation of these financial statements on a going concern basis

may prove to have been inappropriate, in which case adjustments would have to be made to reduce the balance sheet values

of the assets to their recoverable amounts and to provide for further liabilities that might arise. Fixed assets would then be

reclassified as current assets.

Turnover

Turnover represents net invoices sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment

-

20% on cost

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the

instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a

financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of

interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Other financial instruments are initially recognised at fair value, unless payment for an asset is deferred upon normal business

terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the

future payments discounted at a market rate of interest for a similar debt instrument. Financial assets that are measured at

cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective

evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a

carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not

previously been recognised.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the

extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively

enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in

which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted

or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be

recovered against the reversal of deferred tax liabilities or other future taxable profits.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL.

5.	TANGIBLE FIXED ASSETS

Office

equipment

£

COST

At 1 July 2016

12,882

Additions

3,975

Disposals

(8,363

)

At 30 June 2017

8,494

DEPRECIATION

At 1 July 2016

7,217

Charge for year

2,461

Eliminated on disposal

(6,866

)

At 30 June 2017

2,812

NET BOOK VALUE

At 30 June 2017

5,682

At 30 June 2016

5,665

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Other creditors

189,383

157,286

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.17

30.6.16

value:

£

£

100

Ordinary

£1

100

100

8.

RESERVES

Retained

earnings

£

At 1 July 2016

(128,565

)

Deficit for the year

(37,381

)

At 30 June 2017

(165,946

)

9.	FIRST YEAR ADOPTION

The transition to FRS 102 has been implemented by the company in respect of the prior financial periods with no significant

impact on the comparative financial statement's results. Therefore no changes have been recognised in the comparative

information of these financial statements as a result of the transition to FRS 102.